Business/Financial
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Unmanned SystemsCounter-Drone Company Led By Former Trump Acting SecDef Gets Seed Investment
FPF Defense, a startup developing a counter-drone platform with kinetic interceptors to defeat Shahed-type threats, has received a strategic investment co-led by RSE Ventures and Ondas Holdings [ONDS]. The seed […]
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Unmanned SystemsSaronic Partners With Samsung Heavy Industries For Unmanned Shipbuilding
Saronic announced a new strategic partnership with South Korea’s Samsung Heavy Industries on Thursday to help accelerate development of autonomy-capable maritime systems and technologies that aim to improve the U.S. […]
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Business/FinancialBoeing Divesting Stake In Joint Venture With Quantum Expertise
IBM [IBM] on Thursday said it agreed to acquire HRL Laboratories, LLC, a joint venture between Boeing [BA] and General Motors [GM], to strengthen its capabilities in quantum computing. Deal […]
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Business/FinancialMissile Business Leads Lockheed Martins Second Quarter Results Higher
Higher sales of air defense interceptors and a surface-to-surface missile, coupled with the absence of losses on several contracts that hit the company a year ago, helped drive revenue and […]
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Business/FinancialRTX Powers To Strong Second Quarter On Broad Strength
RTX [RTX] on Thursday posted strong top and bottom-line results driven by gains across its operating segments, and the company again raised sales and earnings guidance for 2026. Net income […]
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Business/FinancialAmerican Center for Manufacturing and Innovation Expands Indiana Industrial Hub, Adds New Tenants
The American Center for Manufacturing and Innovation (ACMI) has expanded its industrial hub in Indiana that is focused on attracting companies in the national security space, adding 400 acres to […]
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Advanced / Transformational TechnologyElectra Selects Ohio Site To Produce Dual-Use Hybrid-Electric Aircraft
Electra has selected a site near Dayton, Ohio, as the first production facility for it hybrid-electric ultra-short takeoff and landing (STOL) aircraft the company is developing for regional air transportation […]
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Business/FinancialNorthrop Grumman Takes Charges On GEM 63XL, SiAW In Second Quarter
Northrop Grumman [NOC] on Tuesday reported another charge on a large solid rocket motor program that suffered an anomaly during a launch in February, and also said development work on […]
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Business/FinancialNorthrop Grumman To Produce SRMs For PAC-3 Missiles As Second Source
A solid rocket motor (SRM) being developed by Northrop Grumman [NOC] was qualified in June as a second source to power Patriot air defense missiles and the company expects a […]
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Business/FinancialTrump Tries Tightening Defense Contractors Access To Strategic Materials Sourced From Adversaries
President Donald Trump on Monday issued an executive order directing the Defense Department to restrict waivers sought by defense contractors when sourcing critical materials from adversary nations, specifically China, Iran, […]